Archive for the ‘Eagle Ford’ Category
BHI: Permian leads 15-unit jump in US rig count
April 7th, 2017 by Latest News
The US drilling rig count’s surge continued during the week ended Apr. 7 with another 15-unit increase, according to Baker Hughes Inc. data. Twelve of those units started up in the Permian basin.
The US drilling rig count jumped 21 units to 789 during the week ended Mar. 17, continuing a recent surge in a drilling rally that dates back to May 27, 2016, according to Baker Hughes Inc. data.
EIA: Oil output from major US onshore regions to rise 109,000 b/d in April
March 14th, 2017 by Latest News
Crude oil production from the seven major US onshore oil and gas
producing regions is forecast to increase 109,000 b/d during April to
4.962 million b/d, according to data from the US Energy Information
Administration’s Drilling Productivity Report.
The US drilling rig count climbed 12 units to 768 during the week ended Mar. 10, according to Baker Hughes Inc. data.
Linn Energy Inc., the reorganized successor to Linn Energy LLC, and
its affiliated entities have emerged from Chapter 11 restructuring, with
Linn and Berry Petroleum operating as standalone companies. Linn and
Berry merged in 2013.
The US drilling rig count increased a mere 3 units during the week ended Feb. 24 following 5 straight weeks of double digit gains, according to Baker Hughes Inc. data.
Noble Energy Inc., Houston, has set its organic capital expenditures for 2017 at $2.3-2.6 billion, compared with $1.3 billion in 2016.